TKRT(SH:688569)2020-10-26 16:00Financial Performance - Revenue for the period from January to September decreased by 7.09% to CNY 856,441,958.37 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 11.62% to CNY 99,539,716.25 for the period from January to September[6] - Basic and diluted earnings per share decreased by 14.08% to CNY 0.61[7] - Total operating revenue for Q3 2020 was ¥321,136,085.69, a decrease of 5.0% compared to ¥338,998,210.54 in Q3 2019[25] - Net profit for Q3 2020 was ¥51,318,347.52, a decrease of 7.5% from ¥55,375,059.61 in Q3 2019[26] - The company reported a total profit of ¥58,397,149.08 for Q3 2020, down from ¥64,981,897.42 in Q3 2019[26] - The company’s total comprehensive income for Q3 2020 was ¥51,318,347.52, compared to ¥55,375,059.61 in Q3 2019[28] - The net profit for the first three quarters of 2020 was CNY 66,197,088.39, down 21.2% from CNY 84,050,622.74 in the same period of 2019[30] Assets and Liabilities - Total assets increased by 62.35% to CNY 2,946,003,026.53 compared to the end of the previous year[6] - Current assets rose to CNY 2,489,605,721.37, up from CNY 1,367,178,815.43, indicating an increase of about 82.2%[21] - Non-current assets totaled CNY 456,397,305.16, slightly up from CNY 447,388,214.71, reflecting a growth of approximately 1.9%[21] - Total liabilities decreased to CNY 527,979,872.97 from CNY 572,494,330.23, a reduction of about 7.8%[22] - Shareholders' equity increased significantly to CNY 2,418,023,153.56 from CNY 1,242,072,699.91, marking a growth of approximately 94.8%[22] - Total assets amounted to ¥1,814,567,030.14, with non-current assets totaling ¥447,388,214.71[38] - Current liabilities reached ¥568,955,185.65, with accounts payable at ¥319,665,461.38[39] - The total liabilities were ¥572,494,330.23, with no long-term borrowings reported[39] Cash Flow - Net cash flow from operating activities surged by 3,694.54% to CNY 169,645,842.07 for the period from January to September[6] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 793,265,279.38, slightly down from CNY 805,286,835.73 in the same period of 2019[33] - The net cash flow from operating activities for Q3 2020 was CNY 169,645,842.07, a significant increase compared to CNY 4,470,790.00 in Q3 2019, indicating a strong recovery in operational performance[34] - Total cash inflow from financing activities reached CNY 1,266,309,895.05 in Q3 2020, compared to CNY 145,527,086.63 in the same period last year, reflecting increased investment and borrowing activities[36] - The cash outflow for financing activities was CNY 290,454,098.53 in Q3 2020, up from CNY 100,852,026.42 in Q3 2019, reflecting increased dividend payments and debt repayments[36] Shareholder Information - The total number of shareholders reached 20,868[12] - The top shareholder, China Railway Science Research Institute Group Co., Ltd., holds 26.25% of shares[12] Initial Public Offering - The company has successfully completed its initial public offering, issuing 52,666,700 shares at a price of RMB 22.46 per share, with the stock listed on the Shanghai Stock Exchange on August 31, 2020[16] - The company's total equity increased from RMB 158,000,000.00 to RMB 210,666,700.00, reflecting a 33.33% increase as a result of the initial public offering[15] - The company's capital reserve rose significantly by 627.40%, from RMB 158,833,958.21 to RMB 1,155,361,287.34, attributed to the premium from the initial public offering[15] Research and Development - Research and development expenses accounted for 4.14% of revenue, a decrease of 0.11 percentage points[7] - Research and development expenses for Q3 2020 were ¥12,626,313.32, a decrease of 8.5% from ¥13,798,823.18 in Q3 2019[26] - Research and development expenses for the first three quarters of 2020 totaled CNY 26,211,744.69, remaining relatively stable compared to CNY 26,277,659.82 in 2019[29] Other Income and Expenses - The company reported a non-operating income of CNY 616,540.54 for the period[9] - The company's investment income dropped by 80.71% to RMB 855,828.66, primarily due to a decrease in net profits from associated companies compared to the same period last year[16] - The company's other income decreased by 45.96% to RMB 1,537,600.81, mainly due to a reduction in government subsidies[16] - The company recorded a credit impairment loss of ¥-3,713,635.34 in Q3 2020, compared to ¥-9,341,750.16 in Q3 2019[26] - The company experienced a credit impairment loss of CNY -4,983,129.04 in Q3 2020, an improvement from CNY -9,444,727.73 in Q3 2019[30]